BEDEBIT Review – Multiple Domains Behind The Same Ownership

With zero transparency, investors can only expect trouble while trading with the BEDEBIT exchange. This could include unexpected costs, login issues, withdrawal problems, etc.

In general, there’s only one thing that might sort those issues. It’s a license coming from a trusted regulator. But if this company has it and what it takes to get it, find out in this BEDEBIT review.

Legal info: Is BEDEBIT Legit or a Scam?

To get any trusted license, the company must first be fully transparent, starting with its fees, features, security, etc. Thus, all these details are hidden from the public. The only way to potentially find out what these are is to register with this firm. But that’s not a good start, and we would skip it, especially since the company doesn’t have any top-tier licenses like FCA, SEC, BaFin, or any other.

In addition, they present us with the world’s well-known journals to make it look like they appear there. But surely, Forbes, FinancialTimes, or TheGuardian would never support such scam firms. 

One more reason not to trust this firm is that they run another brand, ZOKDEX. You will see too many matching problems, zero transparency, a lack of regulations, and the same web layout.

Who are BEDEBIT’s Victims?

The key problem with unregulated exchanges is that they can target any country they want. The consequences for them with such anonymity are minimal. So, if you are coming from the following areas, be extremely careful of the BEDEBIT exchange. Those areas are: 

• United States
• Sri Lanka
• Brazil
• United Kingdom

Companies like Bitfinance and TMi Markets also offer services there. With this in mind, we suggest you always research your investment options deeply. Thus, if you fall into a trap, reach us for a chargeback consultation.

Traders Reviews

If you are still thinking of using the BEDEBIT app, make sure to check the company’s reviews first. Apparently, there are 425 comments on the Reviews.io platform and an average rating of 4.8. But if you look at Trustpilot, you will see only two.

Thus, those two might reveal more than these 425. Check it out yourself, but don’t say you were not warned on time. In any case, our refund experts can assist you anytime if you need refund guidance.

Leverage, Commissions, Spreads, Fees and Taxes

Before completing the BEDEBIT login procedure, you won’t find any fees or investment costs. That’s quite disturbing, knowing that some top-tier exchanges offer much higher transparency. So, why would you choose this company over them?  

Bonuses

In general, trusted exchanges provide small bonuses when ICOs are happening. Also, if they provide proprietary tokens.

Unfortunately, with the BEDEBIT trading firm, all these details remain unknown to the public. But if you get any similar offers, read the small print of the bonus policy first.

BEDEBIT Trading Features

Besides regular trading and staking services, there are also BEDEBIT swap and P2P trading options. Apparently, the company also offers a proprietary online wallet.

Furthermore, they advertise copy trading and trading bots. But we wouldn’t gamble registering for it. Especially since it’s all web-based.

Trading Platforms Available

When it comes to BEDEBIT P2P and spot trading, you’ll have only a web-based solution for it. In some occasions, it may be a solid solution, but not with this unregulated exchange. Most importantly, traders can’t expect any advanced analytical and optimization possibilities.

Available Trading Assets

Important to realize is that the company doesn’t even present us with all the cryptos available. Fairly, that shouldn’t be a deal breaker if it’s all transparent. Since it’s not, you might choose another firm on time. In any case, the ten assets presented by this company won’t make a big difference. 

Anyway, those are:

• BTC
• ETH
• LTC
• BNB
• DOGE, and a few more.

Account Types

Another non-transparent aspect of this firm is the account types. Usually, promotions motivate traders to have higher trading volumes. In general, it’s a win-win for both sides. 

But here, we can’t see any similar options. At least they are transparent about the minimum deposit requirement of only $1.

Mobile Trading App

Another big issue we’re facing is a lack of trusted apps. In most cases, exchanges promote their services on trusted wallets provided in trusted stores. That’s not the case here.

Demo Account

Since the company offers margin and spot trading, traders can f expect a demo account. But, of course, why would the exchange fulfill those expectations? After all, they want to keep all their flaws hidden for as long as possible.

Education

All the education you need nowadays about crypto trading can be found free. However, it gives a different picture of the company if they offer some. Sadly, this firm has zero educational features.

BEDEBIT Withdrawal

One of the biggest mysteries with this company is definitely the BEDEBIT withdrawal procedure. Most likely, the only withdrawal option is crypto, but without a transparent policy, it will remain unknown. 

Fairly, without a license, you shouldn’t be worried much about it. It’s clear the company’s intention is not to offer genuine services. After all, their fees, processing time, and legal information would be transparent.

Customer Support

For people who are not their clients, there are zero support options. For the ones who become their clients, we wish a lot of luck reaching them. Especially when you want to withdraw the funds. If they only offer you contact options like Telegram or WhatsApp, be wise about what company you choose.

Key Information To Consider About BEDEBIT

With multiple brands, zero transparency, and missing regulations, it’s logical if you should invest your money with this firm or not. But we understand if you did, some offers might be truly attractive. 

Thus, if you change your mind, know there are options to recover your money. Just book a free first consultation and find out all the steps you have to take.

FAQ Section